Is this what trading is like?

murray t turtle · Mar 24, 2021

SouthbeachCTA said:
You trade a certain market because you have an strong understanding of it and strategy where you have an EDGE, Not because you find it most interesting. You are looking at this industry too much as a curiousity/hobby than a business....

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Actually that is one of the most strange parts of trading/investing to me; how many people do it not like a business @ all..................................................................................IF only 15% per 2 weeks was 30% a month/360% a year.
[Actually it could be 30% a month; 360% ayear is a different deal]

padutrader · Mar 25, 2021

farmerjohn1324 said:
In order to think I was wrong... I would need to have other economists agree with that. I would need to read analysts opinions on sites such as FxStreet, DailyFX, etc. It would require some new news or data release that changed the entire outlook.

there is only one thing that will save you in trading and that is, not only, knowing when you are wrong but to know you are wrong, FAST.

better to lose your opinion than your money

something i could never do.

making a number of mistakes or losses is ok as long as it does not kill you.....it will make you stronger.

i have made profit with 30% win rate

farmerjohn1324 · Mar 25, 2021

murray t turtle said:
.............................................................................IF only 15% per 2 weeks was 30% a month/360% a year.

Why can't it be?

farmerjohn1324 · Mar 25, 2021

DiceAreCast said:
Abt agree more. Either this guy is practicing to become stand-up comedian or is completely retarded.

How did you do over the past 2 weeks?

farmerjohn1324 · Mar 25, 2021

DiceAreCast said:
So, 100k as I said. So how can you be down 2000+ when eurusd moved down a max 80 or so pips between Friday and Monday? You don't make sense...

Because I also had some USD/CHF.

murray t turtle · Mar 25, 2021

farmerjohn1324 said:
Why can't it be?

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Sure its possible..................................................................................................
However its more likely some one will get struck by lightening] than win the lotto.
NOT that trading/investing is a lotto its not/a lotto is astupid tax on people that cant do math.

Most common way in the stock market to be amillionaire is buy every month for 40 years and or market making................................................................................

farmerjohn1324 · Mar 25, 2021

murray t turtle said:
%%
Sure its possible..................................................................................................
However its more likely some one will get struck by lightening] than win the lotto.
NOT that trading/investing is a lotto its not/a lotto is astupid tax on people that cant do math.

Most common way in the stock market to be amillionaire is buy every month for 40 years and or market making................................................................................

Do you know anything about economics? What strategies to you use? Are you profitable?

murray t turtle · Mar 25, 2021

farmerjohn1324 said:
Do you know anything about economics? What strategies to you use? Are you profitable?

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ANYthing?? Are you drunk/LOL .Yes various trend following + related.
Am i profitable?? For many years+ most investors + trend followers are.
Actually farmer John; you would do better to heed the poster that suggested you run it more like a busimness/but thats simply a suggestion. NOT a prediction.
WILL i make 360% this year?? Thats another thread, really.................................................................................................... :caution:

,

.

farmerjohn1324 · Mar 25, 2021

murray t turtle said:
%%
ANYthing?? Are you drunk/LOL .Yes various trend following + related.
Am i profitable?? For many years+ most investors + trend followers are.
Actually farmer John; you would do better to heed the poster that suggested you run it more like a busimness/but thats simply a suggestion. NOT a prediction.
WILL i make 360% this year?? Thats another thread, really....................................................................................................,.

Ok. Got any specific advice on running it like a business? Any of the previously mentioned strategies for limiting risk would not work for me... At least I don't think so. But I'm willing to change my mind if I'm wrong.

Btw, my account is now up 24% since March 9th. And I closed out the trade leaving about 3% on the table just to lock it in. (Eurusd)

cruisecontrol · Mar 25, 2021

farmerjohn1324 said:
Ok. Got any specific advice on running it like a business? Any of the previously mentioned strategies for limiting risk would not work for me... At least I don't think so. But I'm willing to change my mind if I'm wrong.

As a pro trader running a business, you should feel totally comfortable putting the majority of your networth into your trading.

Try putting yourself in the mindset of a pro. How would your behavior change if all your money was in your trading account, and trading was your only possible source of income?

You would probably think: Oh shit, I actually need to know what I'm doing now. If I blow up another account I will be out on the streets. I need to find a strategy that has a real edge, and I can't take much risk.

And then, you can stop gambling and finally begin your trading journey.